Defined Contribution fund factsheets

Target Date Funds

Target date funds are managed differently over time, based on the age of the member. Investments are gradually switched from higher risk (and potentially higher growth) funds into lower risk funds, to provide certainty as members approach their planned retirement date.

Self-Select Funds

Our range of seven self-select funds allows you to be more involved in the way your pension is invested. Choose from a selection, ranging from a Global Equity Fund which invests in a range of UK and overseas equity markets, through to an Index-Linked Gilts Fund.

Ethical Target Date Funds (pre-1999)

This range of funds is for members wanting to invest only in ethical investments, who joined before October 1999. It aims to achieve the highest possible pension income from ethical investments, taking into account a reasonable level of risk.

Ethical Target Date Funds (post-1999)

This range of funds is for members wanting to invest only in ethical investments, who joined after October 1999. It aims to achieve the highest possible pension income from ethical investments, taking into account a reasonable level of risk.

The Ethical Target Date Fund is invested using a Target Date Fund. These funds are invested in equity funds which track the FTSE4Good indices, MSCI World SRI indices and UK Government bonds (Gilts).

These indices consist of companies that meet globally-recognised standards on corporate social responsibility. These companies must be able to demonstrate that they meet a broad range of environmental, social and governance (ESG) criteria through their approach to issues such as climate change, water, biodiversity, labour standards, tax transparency and anti-corruption. The funds also exclude some sectors like tobacco and defence.